Property Valuations for Estate Settlement by Chris Jackson Appraisal
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone left behind.
We've made it our company's goal in providing top-notch appraisals that attorneys and accountants have come to rely on. There are required needs for everyone; we cater to these needs and are used to to working with all parties involved. We compose appraisal reports that meet the obligations of the courts and other agencies.
Contact us promptly to discuss your specialized estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate usually depends on an appraisal to determine fair market value for the residential property therein. It's understandable that thinking about an appraisal is the farthest thought from your mind. Of course, it's imperative to comfort your loved ones first. We are comfortable with the systems and requirements needed to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical obligations explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our company to confidentiality, providing the fullest degree of privacy for you and your family.
Many people do not understand that the IRS requires reports filed to explain the numbers involved in estate sales.
Opinions of value used in documents provided to the the IRS and TN state agencies definitely should be supported by a comprehensive report as to how the appraiser arrived at his conclusions. Such a report will definitely demonstrate to the TN agencies that the numbers used are accurate and substantiated.
Having a professional appraisal from Chris Jackson Appraisal gives the executor undeniable facts and figures to work with in meeting IRS and TN state agency requirements. There's no need to be concerned when getting a report from us, because we will stand by it no matter what.
Opinions of value shown in documents filed with the revenue authorities definitely should be backed by an exhaustive report as to how the appraiser came to his conclusions.